"The weakest data continues to be seen in anything having to do with the precious metals complex with the Precious Metals advance/decline line remaining under extreme downside pressure though we do see that the XAU advance/decline line is attempting to put this same line of negative influence behind it. Looking "down under" and we also see that the Aussie advance/decline line continues to pick up speed to the downside and leading prices in the Old Ordinaries Index in this same direction. When we take this information into consideration, along with the weakness we continue see in Canada's TSX Venture Index (see cumulative charts), this would continue to suggest that there is still some unfinished downside business still yet to be seen in the precious metals themselves over the next several weeks with the focus of an August bottom."

"As for it being different this time, it is different every time. The question is in what way, and to what extent" - Tom McClellan

"An economist is someone who sees something happen, and then wonders if it would work in theory" - Ronald Reagan

"What we see depends mainly on what we look for" - John Lubbock

"The eye sees only what the mind is ready to comprehend" - Henri Bergson

“Answers are easy; it’s asking the right questions which is hard” - Dr. Who - 1977

"You know the very powerful and the very stupid have one thing in common - they don't alter their views to fit the facts, they alter the facts to fit their views (which can be uncomfortable if you happen to be one of the facts that needs altering)" - Dr. Who - 1977

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